0622 GMT - Tencent is set to expedite AI monetization and e-commerce development in 2025, Daiwa analysts say in a research note after hosting a meeting with Tencent management. The Chinese tech giant could introduce both new customer-facing applications and AI features in its existing applications. Meanwhile, e-commerce could become a new priority for Tencent's popular WeChat platform after the recent rollout of a gifting function within the app, Daiwa says. After its HK$112 billion share buyback in 2024, Tencent plans to recycle capital from its investment portfolio into reinvestments and boosting shareholder return, the investment bank says. Daiwa maintains a buy call on Tencent and keeps its target unchanged at HK$550.00. Shares are 3.4% higher at HK$378.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 01:22 ET (06:22 GMT)
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